KrunchieKilleen
Short

EUR/USD trends tentatively down

FX:EURUSD   Euro / U.S. Dollar
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EUR/USD has failed to crash through 10-year Resistance Line X, despite the general belief that the US Dollar fundamentals remain weak. Long-term patterns indicate that the chart is cmmencing a downtrend indicated by Trend-line B. It remains to be seen if this trend will become firm (supported by rising US interest rates against stable Euro interest rates) or whether the downtrend will be aborted at Resistance Line C or D because of weakness in Dollar fundamentals (Trade and Budget deficits).
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